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Cooperatives

The PPATK found indications that 12 savings and loan cooperatives were allegedly involved in money laundering worth Rp 500 trillion (US$32.89 billion). The House has asked law enforcers to seriously investigate the case

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Twelve Cooperatives Involved in Money Laundering Worth Rp 500 Trillion

The PPATK found indications that 12 savings and loan cooperatives were allegedly involved in money laundering worth Rp 500 trillion (US$32.89 billion). The House has asked law enforcers to seriously investigate the case

Beware of Illegal Online Lenders in the Guise of Cooperatives

Currently, 102 fintech companies are registered with the OJK. In addition, the OJK also publishes a list of illegal app-based lending companies that have been blocked.

MSMEs and Financing Constraints

In Indonesia’s financial system, banks play a large role in providing 77 percent of total loans, with the rest coming from pension funds, insurance, financial institutions, cooperatives, and others.

Keeping the Prestige of Cooperatives Shining

The decline in public interest in joining cooperatives was reflected in the results of an opinion poll conducted by Kompas in early July.

Strengthening Cooperative Structure

The COVID-19 pandemic must be used as an opportunity to accelerate the development of cooperatives. Togetherness and mutual help, which have become the new norm, is a fertile place for cooperatives to develop.

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Hope in Cooperatives

After saving money for three years, by September 2020, they can withdraw their money plus interest. According to the profit sharing agreement, each saver can earn a total of Rp 4.175 million.

Teten Masduki: People Need Cooperatives

The number of cooperatives in Indonesia is the largest in the world. As of December 2020, the number was 127,124. The number of members is 25 million people.

Cooperatives face Various Challenges

According to Teten Masduki, cases of alleged fraudulent investments actually occur not only in cooperatives, but also in companies that collect public funds.

Cooperatives Have to Grow With Strength

Issues Hamper Progress

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